200 day MA tested at 1.2647 The GBPUSD has moved up to test its 200 day MA at 1.2647, and the sellers were waiting. The high price reached right up to the MA level and backed off. The price is currently trading at 1.2630 (see earlier post from the beginning the day here) Looking at the hourly
The latest case numbers from Italy Prior was 3153 602 new deaths vs 556 a day ago (431 two days ago) Total cases now 162,488 and 21,067 deaths The new cases are the lowest in a month but deaths remain stubbornly high. That’s normal because deaths are a lagging indicator. What’s troubling is that Italy
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S&P and Dow still down by over 1% As the stock market moves toward the close, the S&P and Dow are still down 1% or more. The Nasdaq index, however has turned positive with a gain of 0.27% currently. Helping the Nasdaq are: Tesla, +12.1% Netflix, +7.67% Amazon, +6.65% AMD, +5% The S&P index is currently trading
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USDCAD looks toward 50% midpoint The USDCAD is trading to a new day low at 1.3862 and in the process, has fallen below the swing low from end of March and April at 1.3920 and 1.3930 repectively (see red numbered circles on the daily chart below). The next key target off the daily chart is
The latest numbers Total deaths in the state have now topped 10,000. At 10,056. Cases at 195,031 — 6337 new We might be seeing a downtick in new cases in the days ahead because New York is running out of swabs and is asking testers to focus only on very sick people. Cuomo highlights that
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Oil is up by over 4% to just under $24 currently ForexLive The price action isn’t as encouraging as oil opened with a gap higher before erasing all of its gains and then only gradually moving back higher over the past few hours. Currently, price is still sitting under its 200-hour MA (blue line) so
Forex news for Asia trading Monday 13 April 2020 A quick one only today, mainly to draw attention to the big news of the weekend, the OPEC+ G20 agreement to cut oil output. Details are still a little sparse and it does appear OPEC and the G20 are overstating the cuts (as well as just
Also tests the 61.8% retracement The NZDUSD is trading to a new session high and in the process is testing the March 27 at 0.60686. Just above that level is the 61.8% retracement of the move down from the March swing high. That level comes in at 0.60726. Key test for the NZDUSD traders. Traders may lean against the
Forex futures positioning data for the week ending April 7, 2020 EUR long 80K vs 74K long last week. Longs increased by 6k GBP long 4K vs 5K long last week. Longs trimmed by 1K JPY long 22K vs 18K long last week. Longs increased by 4K CHF long 6K vs 5K long last week. Longs increased by
Moving average Indicator crossover is the best strategies for Forex trading. You can use this strategies by phone or computer no problem. But You have to use in 1 Hour Candle and set stop lose, take profit. Moving Average is the father of all Forex trading indicator. This is the beat option for Forex tactical
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